Category Archive: Gridcoin

Staking GRC: Staking Gridcoin on HolyTransaction Wallet

gridcoin grc staking holytransaction wallet

Staking Coins: Staking Gridcoin

Gridcoin is a cryptocurrency with ambitions of advancing scientific research. It was originally a simple hybrid of proof of work and proof of stake but now has developed its own custom mechanism blending elements of the two. New coins are created using Proof of Stake, but the number of new coins created depends on how much processing power was used for BOINC.

Stake Gridcoin on HolyTransaction Wallet

HolyTransaction Wallet is excited to present to you the launch of our new staking service. You can now leverage Proof of Stake (POS) holdings to safeguard crypto networks while earning financial rewards. Staking GRC has become much easier with HolyTransaction!

Rewarding citizen science on top of Proof of Stake

According to the PoR mechanism, If a node contributing its hash power to a project that has been whitelisted on the Berkeley Open Infrastructure of Network Computing (BOINC), that node will receive GRC coins corresponding proportionally with the amount of the work done by the node. The BOINC list contains projects of scientific importance that require a supercomputer but don’t have access to one. Of these projects, Gridcoin users vote on a subset of them to be whitelisted for contributions of computing power. Gridcoin, therefore, gives people all over the world the ability to contribute computing power to any of these projects and contribute to scientific research. You can also generate income by running Gridcoin in what the Gridcoin project calls “investor-only mode.”

Investor-Only Mode

Investor-only mode is what the Gridcoin project calls it when you setup earns proof of stake interest as opposed to the DPOR (proof of research) payments that “crunchers”—those who contribute computing power receive. You will only need to install the Gridcoin client and will not need the BOINC client.

Setting up the Client for PoS Rewards

The first step to setting up a Gridcoin client for investor-only mode is to install the Gridcoin Research client. The client is available for Windows, macOS, and several flavors of Linux including Debian, Arch Linux, OpenSUSE, and Fedora. Once the client has been installed, you will want to sync with the Gridcoin blockchain. This can take between several hours to a couple of days, depending on your internet speed. A green check on the connection bar indicates that the synchronization is complete. At that point, you can unlock your wallet for “staking only.” It can take up to 16 hours for the staking to begin. Running the Gridcoin client at all times maximizes your potential for income. Anytime the client is offline, you could miss an opportunity to mint a block.

The higher the balance you have, the higher the chances that you will get to “stake” a block. This is only a result of the fact that a higher balance gives you more chance to mint Pos blocks and thus you get a payout more often. While you can theoretically stake with any number of coins, you can only reliably stake with at least 2000 coins and the Gridcoin project itself recommends at least 5,000. The miners who contribute computing power to these projects come in two varieties—solo and pool. Pool miners earn research rewards whether they stake or not, but solo miners must stake in order to get paid.

Conclusion

Gridcoin provides a way to contribute to important scientific research and earn passive income while doing so. Even those who only stake coins and don’t provide actual computing power to these projects contribute by securing the network and helping the Gridcoin ecosystem. All you need to start staking Gridcoin is to deposit GRC in your HolyTransaction account.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi

Some have always known, some were not ready yet.

Holy Transactions, Not a Myth

With the first creative campaign “Not a Myth”, we at HolyTransaction target the new Crypto-generation with an almost-irreverent and fresh concept, while blinking an eye to our fellow old-school Believers.

It’s the year 9 after Bitcoin. 

And today, we are proud to stand still in front of all our customers and supporters, announcing a new era for our common venture. Launching our first creative campaign. Reaching out to new shores.

We are here to empower people, and engage the world in the greater adoption of this new and exciting technological revolution. And so far, we made the most popular digital currencies accessible, storable, tradable, and secure for every user in our community, all from one single account.

Now, it’s time to celebrate.

Holytransaction 25 crypto supported

Follow us on our official twitter account @holytransaction and get to know everyone in the Crypto-Pantheon at https://holytransaction.com/landing/not-a-myth.html

Holy transactions are not a myth anymore.

About HolyTransaction:

HolyTransaction SA was launched in 2015 and since then it provides crypto enthusiast with the most complete and user-friendly platform to store and exchange multiple currencies. Indeed, in its first five years of business HolyTransaction already managed to make 25 of the most popular digital currencies accessible, storable, tradable, and secure for every user in our community; all from one single account.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack

HolyTransaction add-on for cryptocurrencies exchange rates

Recently we at HolyTransaction created a new add-on for the Firefox browser only to see the exchange rates for cryptocurrency pairs.

This add-on allows you to see the exchange rates between the most popular currencies using only a couple of clicks. 
Exchange rates are available between dollar, euro, bitcoin, litecoin, peercoin, dogecoin, dash, blackcoin and gridcoin. 
The add-on’s simplicity provides you an easy way to have all the information you need before selling or buying your favorite cryptocurrencies.
The price is shown on your browser, according to your specific preferences. You can change the displayed number of decimal places in the user settings.

How to dowload the add-on

To download this HolyTransaction add-on, you just have to follow this step-by step guide:
  • Click on the Firefox Menu at the top right of the toolbar;
  • Click on “Add-on”;
  • Write “HolyTransaction” in the search at the top right of the page;
  • Click on “Add-on” on the left menu;
  • Click the “Download” button next to the HolyTransaction add-on. 
  • You will find the exchage rates window at the top right of your toolbar.
You just need to click on the HT logo of HolyTransaction. 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

Infographic: Comparing Altcoins – Part 2

Open your free digital wallet here to store your cryptocurrencies in a safe place.

jorge

Gridcoin Wallet joins HolyTransaction Today!

Open HolyTransaction Gridcoin Wallet

All HolyTransaction customers can create new address for Gridcoin wallet and use the easy HolyTransaction Web Wallet to send and receive transactions or to instantly convert them to any 9 supported cryptocurrency.

Just like Bitcoin, you can now:

– Send Gridcoin to your GRC wallet address.
– Receive transactions
– Make instant transactions between HT users
– Set OTP for additional protection

We are really excited to be part of a new community!

About Gridcoin:
Gridcoin is a cryptocurrency that rewards individuals for contributing to computational research in math, science and several other areas of study with their home computer, laptop and android devices.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi